TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Daily Beast to Lose $12 Million This Year

Now that IAC has sold off Newsweek, what does the future hold for The Daily Beast and Tina Brown? The Daily Beast might one day disappear because — according to Adweek — it’s currently on pace to lose $12 million this year. That’s not likely to inspire much confidence in Barry Diller, who famously called buying Newsweek “a mistake.

As for Brown, Adweek guesses she’ll either stay at The Daily Beast, shift her focus to the Women in The World Summit, or maybe take some time off to finish her book on Hillary Clinton. In other words, no one has any idea what the hell Brown will do next.

At least Brown still has some support. David Remnick, The New Yorker’s editor-in-chief, told Adweek that he is “always rooting for her.”

Mediabistro Course

Overcoming Writer's Block

Overcoming Writer's BlockUse proven tools and exercises to get back to writing! Starting July 15, learn a process that will help you pinpoint your optimal writing conditions, structure your time and build a framework to increase your productivity. Register now!